Bill Summary for S 674 (2015-2016)
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Summary date:
Mar 31 2015
Bill Information:
View NCGA Bill Details | 2015-2016 Session |
AN ACT TO INCREASE THE AMOUNT OF COMPENSATION PAYABLE BY A MANUFACTURER, MANUFACTURER BRANCH, DISTRIBUTOR, OR DISTRIBUTOR BRANCH OF CERTAIN NEW MOTOR VEHICLES TO MOTOR VEHICLE DEALERS TO COVER CERTAIN COSTS.Intro. by Apodaca.
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Bill summary
Amends GS 20-305.1 as the title indicates; increases the compensation amount from $600 to $900. Makes additional clarifying and technical changes. Provides that the act applies to all current and future franchises and other agreements in existence between any new motor vehicle dealer located in state and a manufacturer or distributor as of the date that the act becomes effective.